Rio Tinto (Rio Tinto) Days Payable : 0.00 (As of Dec. 2023)

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What is Rio Tinto Days Payable?

Rio Tinto's average Accounts Payable for the six months ended in Dec. 2023 was $5,448 Mil. Rio Tinto's Cost of Goods Sold for the six months ended in Dec. 2023 was $0 Mil.

The historical rank and industry rank for Rio Tinto's Days Payable or its related term are showing as below:

RTNTF' s Days Payable Range Over the Past 10 Years
Min: 50.38 Med: 63.03 Max: 73.61
Current: 54.88

During the past 13 years, Rio Tinto's highest Days Payable was 73.61. The lowest was 50.38. And the median was 63.03.

RTNTF's Days Payable is ranked worse than
71.88% of 1067 companies
in the Metals & Mining industry
Industry Median: 131.81 vs RTNTF: 54.88

Rio Tinto's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Rio Tinto Days Payable Historical Data

The historical data trend for Rio Tinto's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Rio Tinto Days Payable Chart

Rio Tinto Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.11

70.47

64.25

57.27

55.10

Rio Tinto Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Rio Tinto's Days Payable

For the Other Industrial Metals & Mining subindustry, Rio Tinto's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rio Tinto's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rio Tinto's Days Payable distribution charts can be found below:

* The bar in red indicates where Rio Tinto's Days Payable falls into.

Rio Tinto Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Rio Tinto's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3269	+	3265)	/	2 )	/	21640	*	365
=	3267					/	21640	*	365
=	55.10

Rio Tinto's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7630	+	3265)	/	2 )	/	0	*	365 / 2
=	5447.5					/	0	*	365 / 2
=	N/A

Rio Tinto Days Payable Related Terms

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Rio Tinto (Rio Tinto) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio Tinto Ltd (OTCPK:RTNTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRA1:Germany RIO:Australia

Address

Level 43, 120 Collins Street, Melbourne, VIC, AUS, 3000

Website

https://www.riotinto.com

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.